Digital property rights for gaming and metaverse company, Animoca brands has announced its completion in raising over US$75.32 million(approximately A$104.57 million) in Capital.
One of the worlds leading technology groups in the area of blockchain and gaming, The additional capital comes on the heels of Animoca Brands announcing that it raising over US$358,888,888 at an over US$5B valuation on 18 January 2022.
“Digital property rights represent a society-defining generational shift that impacts everyone online and will set the stage for the emergence of the open metaverse. We are deeply honoured to continue to enjoy strong support from investors as we work to solidify the leadership position of Animoca Brands in the Web3 industry and in the field of true digital ownership.”
Yat Siu, co-founder and executive chairman of Animoca Brands
This new capital was gathered from investors including Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, Cosmic Summit Investments Limited, and others.
“Over the next decade, humanity will discover and embrace the game changing power that blockchain based digital ownership of assets will bring to countless aspects of daily life. We are proud to support Animoca Brands, a highly talented team of visionaries and builders at the forefront of this movement to embrace and fulfil the promise of Web3.”
Emil Woods, managing partner of Liberty City Ventures
This new capital bolsters Animoca Brands’ mission to fund strategic acquisitions, investments, and product development, secure licenses for popular intellectual properties, and advance the open metaverse, including through its efforts to promote digital property rights for online users.
Animoca Brand uses technologies including blockchain and NFTs to deliver true digital ownership of users’ virtual assets and data, enabling various DeFi and GameFi opportunities (including play-and-earn), asset interoperability, and an open framework that can lead to greater equitability for all participants in the open metaverse.
More about the Funds Raised
Funds were raised using Subscription Agreements with sophisticated and professional investors to raise a total of US$75.32 million (approximately A$104.57 million) at a subscription price of A$4.50 per share, for a total of 23,237,058 new shares. Following this raise, Animoca Brands will have a total of 1,836,142,334 fully paid ordinary shares on issue.
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